ITC shares gain on strong volumes; brokerage sees it among most positively re-rated stocks

Shares gain on strong volumes.

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26 Aug, 2025 12:21

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ITC shares gained in early deals on strong volumes, mirroring the rise in the benchmark indices in Tuesday's trade.

At around 9:30 a.m., the stock was quoting at Rs 401.7 per share on the NSE, up 0.3 percent. A total of 3.37 lakh shares changed hands of ITC Ltd generating a total turnover of Rs 13.53-crore in the first 15 minutes of trade today. The large cap company has a market cap of Rs 5,02,713.74-crore, as per NSE website.

In its recent report, by Morgan Stanley, the company also emerged as one of the most positively re-rated stocks within the fast-moving consumer goods (FMCG) sector. The report highlights that, when compared to its five-year trailing average valuation multiples, ITC, among a select few FMCG peers, has experienced the most upward re-rating.

According to Morgan Stanley, ITC continues to stand out as “a key consensus buy” idea, strengthening its position as a high-conviction pick in the current market landscape.

The company has one of the most extensive FMCG portfolios in the industry across categories, including foods, personal care products, education and stationery items.

The company has also implemented deep structural interventions across its operations. These include significant investments in 'Make in India' infrastructure through its state-of-the-art Integrated Consumer Goods Manufacturing and Logistics (ICML) facilities, alongside strategic improvements in product mix, digital capabilities, and cost optimization initiatives. The company is also driving premiumization across key categories, positioning itself to tap into evolving consumer preferences.

The company’s paperboard business is also expected to see improved realizations as raw material costs begin to ease, experts point out. Meanwhile, the Agri business continues its steady growth, supported by a strong focus on value-added offerings.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.